:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/KCSDVOFY3FD5FPFRB2SC5QDPBU.jpg "Closing rate of the euro in Canada this December 21 from EUR to CAD")
During the last session, the euro was traded at the close of 1.44 Canadian dollars on averagea change of 0.1% from the previous day’s figure of CA$1.45 on average.
Considering last week, the euro sees a decrease in 0.42%; even if last year it still maintains an increase of 4.14%.
By comparing this data with that of past days, he added four consecutive days of negative numbers. During the last week, volatility is significantly lower than the figures reached last year (7.15%), so we can say that it is going through a period of greater stability lately.
Canadian dollar
the Canadian dollar It is the official monetary unit in Canada, to refer to it the initials CAD are used and it is subdivided into 100 cents.
It should be noted that the Canadian dollar has been used almost throughout the country’s history, having replaced the British pound, the Spanish dollar and the peso.
It was on July 1, 1858 that the authorities ordered the issue of the first Canadian dollars, which would be adopted in the decimal system in the following years. However, it was not until 1871 that Monetary unification has been approved of all Canadian provinces to use the dollar, finally abolishing the gold standard in 1933.
Today Canadian coins of 1, 5, 10 and 25 are used pennies, 1 and 2 dollars, issued by the Royal Canadian Mint; on the other hand, the $5, $10, $20, $50, $100 and $1,000 notes are issued by the Bank of Canada and are produced in Ottawa.
In economic matters, the Organization for Economic Co-operation and Development (OECD) recently confirmed that Canada has passed its tipping point and it is heading for a period of moderate growth, after the blow caused by the coronavirus pandemic.
On the other hand, it is also necessary that Canada has succeeded in positioning itself as the main trading partner of the United States at the end of 2021, with a participation of 14.5% compared to the 15 main partners of the nation.
the International Monetary Fund (IMF) predicts that Canada will grow by 4.1% in 2022 and 2.8% in 2024, which would mean a slowdown from the 4.7 reached in 2021.
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